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Gresham House records boost in profits despite 'one of the most challenging years' - Vimarsana News

Gresham House records boost in profits despite 'one of the most challenging years'

Image: Gresham House Energy Storage Fund Gresham House – which manages funds including Gresham House Energy Storage Fund – has recorded a net core income of £40.8 million and an adjusted operating profit of £12.1 million. These were up 29% and 17% from 2019 respectively despite chairman Anthony Townsend describing 2020 in the company’s full year results as being “one of the most challenging years we have seen” due to the COVID-19 pandemic affecting global populations and economies “on an unprecedented scale”. Even with the backdrop of the pandemic, Gresham House saw a “bu...

London Stock Exchange-listed Gresham House Energy Storage Fund adds 65MW to portfolio - Vimarsana News

London Stock Exchange-listed Gresham House Energy Storage Fund adds 65MW to portfolio

Reporter, Solar Media Gresham House added the Wickham Market grid-scale battery project (pictured) to its portfolio among a wave of other acquisitions in the past few months alone. Image: Gresham House Energy Storage Fund. Battery storage portfolio investor Gresham House Energy Storage Fund has acquired 55MW of UK projects in the past few weeks and completed a 10MW extension to an existing project. Gresham House Energy Storage Fund, which is listed on the London Stock Exchange under the ticker symbol GRID, conditionally agreed to acquire its first project north of the English border in Scotl...

Investegate |Gresham House Energy Announcements | Gresham House Energy: Acquisition of Battery Storage Project - Vimarsana News

Investegate |Gresham House Energy Announcements | Gresham House Energy: Acquisition of Battery Storage Project

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Gresham House Energy Storage Fund acquires large utility-scale battery storage project - Vimarsana News

Gresham House Energy Storage Fund acquires large utility-scale battery storage project

Gresham House Energy Storage Fund acquires large utility-scale battery storage project 7:08 am Gresham House Energy Storage Fund PLC (LON:GRID), the UK’s largest operational utility-scale battery storage fund, has conditionally agreed to acquire a c.30MW battery project located near Wester Dechmont, Livingston in West Lothian, Scotland. The Project is part of the pipeline described in the Fund’s Prospectus published on 10 November 2020. Byers Brae is a battery-only site with a c.30MW/30MW export/import capacity which is currently expected to be commissioned in Q2 2021....

Gresham House to buy first Scottish storage project - Vimarsana News

Gresham House to buy first Scottish storage project

Gresham House Energy Storage Fund has conditionally agreed to acquire a 30MW battery project in Scotland, its first in the country. Byers Brae, which is located near Wester Dechmont in West Lothian, is part of the pipeline described in the fund’s prospectus published on 10 November. It is a battery-only site with about 30MW/30MW export/import capacity which is currently expected to be commissioned in the second quarter of 2021. The project is expected to generate revenues primarily from asset optimisation, whereby it imports and exports power to earn income from the wholesale market and the...

Source: renews.biz